According to statistics compiled by SoSoValue, Bitcoin ETFs had $467.4 million in inflows on Tuesday, with BTC surging beyond $81,000. This extended Monday’s $532 million inflows, bringing the two-day total to over $999 million. As Bitcoin’s recovery continues, the most recent inflows are indicative of robust demand. April’s total net inflows were $1.97 billion.
Investors have poured about $1 billion into Bitcoin (BTC) exchange-traded funds (ETFs) after the cryptocurrency regained $80,000. Total assets under management have reached a record high of over $109 billion, and the funds have received $1.63 billion in inflows, bringing the cumulative inflows to $59.7 billion.
ETF Flows Remain Resilient
The inflows occurred despite Strategy’s executive chairman, Michael Saylor, seemingly breaking with his long-standing “never sell Bitcoin” stance by hinting at possible Bitcoin sales to satisfy company commitments.
Despite a 50% fall in Bitcoin throughout the cycle, Bitcoin ETF flows have remained resilient, with ETFs seeing outflows of only 8% of assets, according to Bloomberg ETF analyst Eric Balchunas.
During a Tuesday interview with Roxom TV, the analyst highlighted the importance of distribution networks, claiming that the products’ structure has essentially freed Wall Street wholesalers. He warned that the flows would be disastrous if Wall Street wholesalers were to be disregarded.
Because of this dynamic, it seems that exchange-traded funds (ETFs) have helped stabilize investor access to Bitcoin during periods of extreme price volatility by maintaining demand flowing via more conventional financial channels.
According to SoSoValue, Ether (ETH) funds had $97.6 million inflows on Tuesday, continuing the bullish trend across cryptocurrency ETFs. Although Solana (SOL) ETFs had a small influx of $1.7 million, XRP funds saw an increase of $11.3 million.